Analysis & Opinion

SEOUL Jan 16 (Reuters) - Hyundai Heavy Industries Co Ltd
of South Korea said on Wednesday that it won a $600
million order from Seaspan Corp for five container ships
of 14,000 twenty-foot-equivalent units (TEU) each.

The world's largest shipbuilder said in a news release that
the contract included an option exercisable by the owner to
order five additional container ships of the same class to be
built by Hyundai Heavy.

Upon delivery scheduled from 2015, the vessels will be
chartered to the Taiwan's Yang Ming Marine Transport Corp
on a long-term contract, Hyundai Heavy said.